Economy

• Thursday, November 18th 2010 - 20:33 UTC

  Argentina/Paris Club debt negotiations have a deadline: April 2011

  

  Finance Secretary Hernán Lorenzino said Argentina wants to successfully conclude negotiations with the Paris Club Group of creditor nations involving 6.7 to 8 billion US dollars in defaulted debt before April.

• Thursday, November 18th 2010 - 19:53 UTC

  Latinamerica “business climate” steady and in “cautious boom” phase

  

  Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.

• Thursday, November 18th 2010 - 18:51 UTC

  UK banks’ exposure to Irish lenders above £ 139 billion

  

  Ireland's banking problems are likely to have a direct effect on the United Kingdom's battered institutions. According to the Bank of International Settlements, UK banks have a total exposure to Irish lenders of 222 billion US dollars (£139bn).

• Thursday, November 18th 2010 - 18:35 UTC

  Ireland’s dilemma: sovereign solvency or rescuing the banking system

  

  Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank.

• Thursday, November 18th 2010 - 16:38 UTC

  Latin America Real Estate Investment 2010 by Alternative Latin Investor

  

  Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
  The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.

• Thursday, November 18th 2010 - 10:58 UTC

  China to provide food subsidies fearing price inflation and social unrest

  

  China's government has said it will provide poorer households with subsidies in response to double-digit food price inflation. Inflation accelerated to 4.4% in October, with food prices rising 10.1%.

• Wednesday, November 17th 2010 - 16:12 UTC

  Argentina sends the Paris Club a possible road map for negotiations

  

  Argentine Economy Minister Amado Boudou confirmed that the ministry sent a letter to the Paris Club in order to initiate negotiations and establish a course of action for the cancellation of debt, although no specific dates were mentioned.

• Wednesday, November 17th 2010 - 16:10 UTC

  Spanish small businesses invited to take advantage of Latam’s growth

  

  Latin America's economic growth is expected to be two or three times larger than Spain's in the next few years, says a private report by Banco Santander in an effort to encourage Spanish small businesses to take advantage of the growth and job opportunities that the region has to offer.

• Wednesday, November 17th 2010 - 06:53 UTC

  EU, ECB, IMF to visit Ireland in “short focused consultation”

  

  A meeting of Euro zone ministers in Brussels ended with a promise to work towards further help for Ireland. The EU monetary affairs commissioner, Olli Rehn, said the 27-country bloc would “intensify” work on a support programme for Ireland - should Dublin request one.

• Wednesday, November 17th 2010 - 06:50 UTC

  Warnings about impact of social security cuts to reduce public spending

  

  International Labor Organization (ILO) is warning countries against social security cuts to reduce public spending which could slow down or delay recovery. The ILO says social security encourages stability, but only about a fifth of the world has access.